and i'm beginning to see a substantial reduction in america's military budget and doing away with the notion that 65 years after world war ii we continue to have to protect the whole world. >> reporter: no concern that dodd-frank on the one hand, goes too far, as some people say, and on the other hand, as others say, doesn't go far enough? >> no, i don't think in any area it goes too far. as to the regulators, i would have been worried if mitt romney had been elected because he would have appointed non- regulators. but i think the people in place under president obama who helped write the law believe in it. the common theme in the bill, as i saw it, was to say to a great extent, people who make decisions that are risky, which should be done in the business community, will not be able to escape the consequences of poor decisions because that way they'll make better ones. >> reporter: failures, regrets. >> yeah. i should have voted for the first iraq war. george bush did that one very well. i'd been skeptical. i was afraid that george bush was going to treat the first iraq war the way h